Decreasing sales

Central Garden & Pet Company today announced fourth quarter and full year results for its fiscal year ending on 29 September 2007. For the fourth quarter of fiscal 2007, the company reported net sales of $ 401 mio, a decline of $ 20 mio or 5 per cent from $ 421 mio in the comparable 2006 period. Net sales for the pet products segment were $ 221 mio, a decrease of $ 16 mio or 7 per cent compared to the fourth quarter of fiscal 2006. Net sales for fiscal 2007 were $1.67 bn, an increase of 3 per cent from $1.62 bn in fiscal 2006. “With 2007 behind us, we are looking to fiscal 2008 to reset and create a stronger and more agile company,” noted William Brown, chairman and chief executive officer of Central Garden & Pet Company. “Some of our operations are not performing well. We have significant work to do.”